(Wilmette, IL- September 14, 2018) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 655 Main St NW, Bourbonnais, IL for $12,300,000.
The 62,000 square foot building is located along a primary thoroughfare (15,000+ VPD) in Bourbonnais and is easily accessible from Interstate 57 (27,000+ VPD). The property was renovated in 2016 and features a drive-thru pharmacy. The lease is guaranteed by Albertsons and has 20 years remaining on their lease. Albertsons has a strong operating history and sales at the location.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller and the buyer in the transaction. The seller is a private real estate investment company based in the southwest. The buyer is a high net worth investor from Australia.
“The market for standalone grocery properties remains active due to their built-in customer base,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Investors pay a premium for twenty year net leased assets which are in limited supply.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $4 billion of single tenant net lease real estate transactions. From 2012-2017, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
The Boulder Group